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SUSTAINABILITY

REPORT 2025

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Key ESG Ratings

2025 GRESB Sector Leaders (Standing Investments) 

  • Global Sector Leader – Listed (Diversified)
  • Regional Sector Leader (Asia Diversified)
  • Regional Sector Leader – Listed (Asia Diversified)
  • Highest 5-Star rating for the 5th consecutive year
  • Public Disclosure Score: 100/100

MSCI ESG Rating

  • Maintained AA Rating

CDP

  • Maintained A- Rating for Climate Change

S&P Global

  • Sustainability Yearbook 2026 Member
  • Sustainability Yearbook (China Edition) 2025 Member
    • Top 15% of Real Estate Management and Development Industry in both editions
  • Hang Seng ESG 50 Index - Constituent
  • Hang Seng Corporate Sustainability Benchmark Index - Constituent
  • AA+ ESG rating for 5th consecutive year

FTSE4Good Index Series

  • Constituent

Greater Bay Area Business Sustainability Index (GBABSI)

  • Pace-setter (Top 15)

Real Estate Business Sustainability Index
 (REBSI)

  • Exemplar (Top 5)

Sustainalytics

  • Maintained Low Risk ESG Risk Rating

Sustainability At A Glance

In 2025, we delivered significant progress towards our sustainability objectives. Our achievements, including strong ESG ratings and deepened stakeholder engagement, demonstrated the momentum of our sustainability strategy. We are translating this into action by developing our carbon neutrality roadmap and commencing the large-scale adoption of renewable energy, strengthening our foundation for a sustainable future.

Environment

24%

GHG Emissions Scope 1 & 2 (Absolute)1

31%

GHG Emissions Scope 1 & 2 (Intensity)1

7%

Energy Consumption (Intensity)2

20%

Renewable Energy Consumption3

Remarks

  • As compared to 2024. Performance data covers our Investment Properties. For details, please refer to the Performance Data Summary in this Report. The decrease in GHG emissions is due to the purchase of green electricity in Beijing directly from the power grid and Green Electricity Certificates purchased in Shanghai.
  • As compared to 2024.
  • Calculated based on the energy from renewable sources against the total energy consumption of Investment Properties. Energy from renewable sources includes green electricity purchased in Beijing directly from the power grid, Green Electricity Certificates purchased in Shanghai, and on-site generated solar power in Hong Kong and the Chinese Mainland.

People

38000+

Training Hours on ESG-related Topics

99%

Employee Training Rate

7.9

Per 1,000 Employees Work-related Injury Rate1

Remarks

  • Recordable employees work-related injuries that resulted in incapacity for a period of exceeding 3 days.

Community

HK$ 22 million Donations

760+

Community Initiatives

400+

Partnering Organisations

99%

Beneficiaries’ Overall Satisfaction Rate (SIA Survey)1

Remarks

  • Social Impact Assessment survey conducted for donation initiatives of the Group.

Value Chain

90%

Contractors / Suppliers Governed by Vendor Code of Conduct

84%

Operations Governed by Green Procurement Guidelines

94%

Customers Satisfied with Our Services1

Remarks

  • Our satisfaction surveys cover offices, retail, and residential properties managed by the Group.

Sustainable Finance

69%

Sustainable Financing over the Group’s Total Loan Facilities1

Remarks

  • As at 31 December 2025, the Group’s total sustainable financing reached approximately HK$60,229 million.

Sustainability Vision 2030 Targets and Progress

All the 20 Measurable Targets are on Track.

View the latest progress in 2025

Our Stories on Sustainability

Our Sustainability Journey

Environment

PROTECTING OUR ENVIRONMENT

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People

PUTTING PEOPLE FIRST

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Community

CREATING POSITIVE COMMUNITIES

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Value Chain

EMPOWERING OUR BUSINESS PARTNERS

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Sustainability Report 2025